Michigan legislation · 103rd Legislature
Michigan HB6363: Commercial code: other; references to uniform commercial code in Michigan family farm development act; revise. Amends sec. 13 of 1982 PA 220 (MCL 285.263). TIE BAR WITH: HB 6347'26
Status: In committee, September 24, 2026
What the bill says
To amend 1982 PA 220, entitled "Michigan family farm development act," by amending section 13 (MCL 285.263), as amended by 2002 PA 381.
From the introduced text, September 24, 2026:
A bill to amend 1982 PA 220, entitled "Michigan family farm development act," by amending section 13 (MCL 285.263), as amended by 2002 PA 381. the people of the state of michigan enact: Sec. 13. (1) The authority may issue its negotiable bonds and notes in a principal amount , which that in the opinion of the authority is necessary to provide sufficient funds for achieving its the corporate purposes of the authority, the payment of interest on bonds and notes of the authority, the establishment of reserves to secure bonds and notes, and all other expenditures of the authority incident to and necessary or convenient to carry out its the corporate purposes and powers of the authority. (2) The authority may issue renewal notes, issue bonds to pay notes, and if it the authority determines refunding expedient, refund bonds by the issuance of new bonds, whether the bonds to be refunded have or have not matured, and issue bonds partly to refund bonds then outstanding and partly for any other purpose. The refunding bonds shall must be sold and the proceeds applied to the purchase, redemption, or payment of the bonds to be refunded. (3) Except as may otherwise be expressly provided by the authority, every issue of its the authority's notes or bonds shall be is a general …
Sponsors
- Posthumus, Bryan (R, 90) · primary sponsor
- Wozniak, Douglas (R, 59)
Latest actions
- : bill electronically reproduced 09/24/2026
- : referred to Committee on Finance
- : read a first time
- : introduced by Representative Rep. Bryan Posthumus
Subjects: Commercial code: other
Common questions
- What is HB6363?
- HB6363 is a bill in the Michigan Legislature (103rd Legislature): Commercial code: other; references to uniform commercial code in Michigan family farm development act; revise. Amends sec. 13 of 1982 PA 220 (MCL 285.263). TIE BAR WITH: HB 6347'26.
- What does HB6363 do?
- In its own words: To amend 1982 PA 220, entitled "Michigan family farm development act," by amending section 13 (MCL 285.263), as amended by 2002 PA 381.
- What is the status of HB6363?
- In committee as of September 24, 2026. Latest action: bill electronically reproduced 09/24/2026 (September 24, 2026).
- Who sponsored HB6363?
- Posthumus, Bryan (R, 90), with 1 co-sponsor.
- Where is the official record for HB6363?
- On the Michigan Legislature website: https://www.legislature.mi.gov/Bills/Bill?ObjectName=2026-HB-6363
Source: official Michigan record. Tracked by Delilah, AI for legislation across all 50 states and Congress.